The case involves M/s Vortex Impex Pvt Ltd as the applicant and EMD Scaffolding India Pvt Ltd as the respondent. The matter was brought before the National Company Law Tribunal (NCLT), New Delhi, under Section 9 of the Insolvency and Bankruptcy Code (IBC).
M/s Vortex Impex Pvt Ltd initiated proceedings against EMD Scaffolding India Pvt Ltd under Section 9 of the IBC. The Interim Resolution Professional (IRP) stated that the matter had been settled, and all dues had been received. The IRP also stated that no claims were received, and the CoC was not constituted. Consequently, IA No. 952/ND/2022 was filed. The relevance of these facts is that they demonstrate a settlement between the parties, leading to the dismissal of the main petition.
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Order delivered on…
The case involves M/s Vortex Impex Pvt Ltd as the applicant and EMD Scaffolding India Pvt Ltd as the respondent. The matter was brought before the National Company Law Tribunal (NCLT), New Delhi, under Section 9 of the Insolvency and Bankruptcy Code (IBC).
M/s Vortex Impex Pvt Ltd initiated proceedings against EMD Scaffolding India Pvt Ltd under Section 9 of the IBC. The Interim Resolution Professional (IRP) stated that the matter had been settled, and all dues had been received. The IRP also stated that no claims were received, and the CoC was not constituted. Consequently, IA No. 952/ND/2022 was filed. The relevance of these facts is that they demonstrate a settlement between the parties, leading to the dismissal of the main petition.
Order delivered on…